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EU Targets Tech Giants Over Fraudulent Banking Apps

9/23/2025

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Summary

Story summary

Regulators assess how Apple, Google, Microsoft, and Booking.com handle fraudulent banking apps under the Digital Services Act.
EU tech chief Henna Virkkunen says platforms must actively prevent illegal content to protect users.
Non-compliance could bring fines up to 6% of global revenue for the firms.
The inquiry highlights rising online-scam risk as digital payments grow, prompting EU security aims.

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Story summary

Regulators assess how Apple, Google, Microsoft, and Booking.com handle fraudulent banking apps under the Digital Services Act.
EU tech chief Henna Virkkunen says platforms must actively prevent illegal content to protect users.
Non-compliance could bring fines up to 6% of global revenue for the firms.
The inquiry highlights rising online-scam risk as digital payments grow, prompting EU security aims.